Firmbase, a Tel Aviv, Israel-based provider of a financial planning and analysis (FP&A) platform, raised $12M in funding.
The round was led by S Capital with participation from Meron Capital.
The company intends to use the funds to expand operations and its business reach.
Founded by Tomer Federman (CEO) and Vlad Shumlin (CTO) in 2021, Firmbase is a fintech startup which provides a SaaS collaborative financial planning and analysis platform that allows CFOs and finance teams to quickly build data-driven budgets and accurate financial forecasts, automatically monitor plans against actual company performance, and identify and analyze the main drivers that impact business results. The software integrates with a company’s financial and operational systems to extract live data, like employee headcount and expenses. It provides real-time visibility and together with the platform’s modeling engine allows companies to quickly build dynamic budgets and run scenario planning.
Firmbase is used by companies, including ControlUp, WSC Sports, Walnut, Axis Security, Similarweb and Yotpo.
FinSMEs
09/05/2023